21-Year-Old SIM-Swapping Mastermind Is Jailed for 10 Years

21-Year-Old SIM-Swapping Mastermind Is Jailed for 10 Years
фото показано с : bitcoinmagazine.com

2019-4-23 15:27


Joel Ortiz, the 21-year-old student who was accused of stealing over $7.5 million in digital assets via a SIM swapping operation, has been sentenced to 10 years in prison. He had pleaded guilty in February and accepted the plea bargain.

According to the official documents released on April 22, 2019, Ortiz was accused by the Santa Clara County’ District Attorney’s Office of hacking over 40 cellphones.

The attorney’s office labeled him a “prolific SIM swapper,” noting that in one of his operations, he succeeded in stealing over $5.2 million of his total loot within a matter of minutes from a California-based crypto entrepreneur.

Ortiz was arrested last year at the Los Angeles International Airport; earlier this year, he pleaded no contest (not pleading guilty, but accepting the charges) to 10 separate charges of felony theft.

The document also pointed out that the funds were used primarily to bankroll a lavish lifestyle; he spent $10,000 at various Los Angeles clubs, hired a helicopter for a music festival, and spent even more on branded clothes and luggage.

This article originally appeared on Bitcoin Magazine.

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21-Year-Old Joel Ortiz Bags 10 Years Jail Time For Stealing Over $7.5 Million In Cryptocurrency

A high school valedictorian is in many cases seen as a model for what any high schooler should aspire to become. But 21-year-old Joel Ortiz who was once a valedictorian in his former high school may not meet this image anymore after he was sentenced to 10 years jail time in the United States for […] The post 21-Year-Old Joel Ortiz Bags 10 Years Jail Time For Stealing Over $7.5 Million In Cryptocurrency appeared first on ZyCrypto.

2019-4-24 21:47